diff --git a/Cargo.lock b/Cargo.lock
index ff36e047f..eed21ce74 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -1935,18 +1935,18 @@ checksum = "836fa6a3e1e547f9a2c4040802ec865b5d85f4014efe00555d7090a3dcaa1090"
 
 [[package]]
 name = "serde"
-version = "1.0.168"
+version = "1.0.193"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "d614f89548720367ded108b3c843be93f3a341e22d5674ca0dd5cd57f34926af"
+checksum = "25dd9975e68d0cb5aa1120c288333fc98731bd1dd12f561e468ea4728c042b89"
 dependencies = [
  "serde_derive",
 ]
 
 [[package]]
 name = "serde_derive"
-version = "1.0.168"
+version = "1.0.193"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "d4fe589678c688e44177da4f27152ee2d190757271dc7f1d5b6b9f68d869d641"
+checksum = "43576ca501357b9b071ac53cdc7da8ef0cbd9493d8df094cd821777ea6e894d3"
 dependencies = [
  "proc-macro2",
  "quote",
diff --git a/arch/Cargo.toml b/arch/Cargo.toml
index 32d6e2d12..1dc386dd0 100644
--- a/arch/Cargo.toml
+++ b/arch/Cargo.toml
@@ -16,7 +16,7 @@ hypervisor = { path = "../hypervisor" }
 libc = "0.2.147"
 linux-loader = { version = "0.11.0", features = ["elf", "bzimage", "pe"] }
 log = "0.4.20"
-serde = { version = "1.0.168", features = ["rc", "derive"] }
+serde = { version = "1.0.193", features = ["rc", "derive"] }
 thiserror = "1.0.52"
 uuid = "1.3.4"
 versionize = "0.2.0"
diff --git a/event_monitor/Cargo.toml b/event_monitor/Cargo.toml
index 3fb4bc2ad..cd459e7c5 100644
--- a/event_monitor/Cargo.toml
+++ b/event_monitor/Cargo.toml
@@ -8,5 +8,5 @@ edition = "2021"
 flume = "0.10.14"
 libc = "0.2.147"
 once_cell = "1.19.0"
-serde = { version = "1.0.168", features = ["rc", "derive"] }
+serde = { version = "1.0.193", features = ["rc", "derive"] }
 serde_json = "1.0.109"
diff --git a/hypervisor/Cargo.toml b/hypervisor/Cargo.toml
index 16114f8cd..e5c4c3756 100644
--- a/hypervisor/Cargo.toml
+++ b/hypervisor/Cargo.toml
@@ -22,7 +22,7 @@ kvm-ioctls = { version = "0.16.0", optional = true }
 kvm-bindings = { git = "https://github.com/cloud-hypervisor/kvm-bindings", branch = "ch-v0.7.0", features = ["with-serde", "fam-wrappers"], optional  = true }
 mshv-bindings = { git = "https://github.com/rust-vmm/mshv", branch = "main", features = ["with-serde", "fam-wrappers"], optional  = true }
 mshv-ioctls = { git = "https://github.com/rust-vmm/mshv", branch = "main", optional  = true}
-serde = { version = "1.0.168", features = ["rc", "derive"] }
+serde = { version = "1.0.193", features = ["rc", "derive"] }
 serde_with = { version = "3.4.0", default-features = false, features = ["macros"] }
 vfio-ioctls = { git = "https://github.com/rust-vmm/vfio", branch = "main", default-features = false }
 vm-memory = { version = "0.14.0", features = ["backend-mmap", "backend-atomic"] }
diff --git a/net_util/Cargo.toml b/net_util/Cargo.toml
index 09d976ffd..a4a3ace1f 100644
--- a/net_util/Cargo.toml
+++ b/net_util/Cargo.toml
@@ -11,7 +11,7 @@ libc = "0.2.147"
 log = "0.4.20"
 net_gen = { path = "../net_gen" }
 rate_limiter = { path = "../rate_limiter" }
-serde = "1.0.168"
+serde = "1.0.193"
 thiserror = "1.0.52"
 versionize = "0.2.0"
 versionize_derive = "0.1.6"
diff --git a/pci/Cargo.toml b/pci/Cargo.toml
index d23b32b1d..a5e5a166d 100644
--- a/pci/Cargo.toml
+++ b/pci/Cargo.toml
@@ -20,7 +20,7 @@ vfio_user = { git = "https://github.com/rust-vmm/vfio-user", branch = "main" }
 vmm-sys-util = "0.12.1"
 libc = "0.2.147"
 log = "0.4.20"
-serde = { version = "1.0.168", features = ["derive"] }
+serde = { version = "1.0.193", features = ["derive"] }
 thiserror = "1.0.52"
 versionize = "0.2.0"
 versionize_derive = "0.1.6"
diff --git a/performance-metrics/Cargo.toml b/performance-metrics/Cargo.toml
index ee6303b4e..a6dfecd93 100644
--- a/performance-metrics/Cargo.toml
+++ b/performance-metrics/Cargo.toml
@@ -8,7 +8,7 @@ build = "../build.rs"
 [dependencies]
 clap = { version = "4.4.7", features = ["wrap_help"] }
 dirs = "5.0.0"
-serde = { version = "1.0.168", features = ["rc", "derive"] }
+serde = { version = "1.0.193", features = ["rc", "derive"] }
 serde_json = "1.0.109"
 test_infra = { path = "../test_infra" }
 thiserror = "1.0.52"
diff --git a/test_infra/Cargo.toml b/test_infra/Cargo.toml
index 4f2c78e1c..2009ab4c4 100644
--- a/test_infra/Cargo.toml
+++ b/test_infra/Cargo.toml
@@ -9,7 +9,7 @@ dirs = "5.0.0"
 epoll = "4.3.3"
 libc = "0.2.147"
 once_cell = "1.19.0"
-serde = { version = "1.0.168", features = ["rc", "derive"] }
+serde = { version = "1.0.193", features = ["rc", "derive"] }
 serde_json = "1.0.109"
 ssh2 = { version = "0.9.4", features = ["vendored-openssl"] }
 vmm-sys-util = "0.12.1"
diff --git a/tracer/Cargo.toml b/tracer/Cargo.toml
index 14199ffe1..f633b3f9e 100644
--- a/tracer/Cargo.toml
+++ b/tracer/Cargo.toml
@@ -8,7 +8,7 @@ edition = "2021"
 libc = "0.2.147"
 log = "0.4.20"
 once_cell = "1.19.0"
-serde = { version = "1.0.168", features = ["rc", "derive"] }
+serde = { version = "1.0.193", features = ["rc", "derive"] }
 serde_json = "1.0.109"
 
 [features]
diff --git a/virtio-devices/Cargo.toml b/virtio-devices/Cargo.toml
index 15579212e..1d0e50f39 100644
--- a/virtio-devices/Cargo.toml
+++ b/virtio-devices/Cargo.toml
@@ -21,7 +21,7 @@ net_util = { path = "../net_util" }
 pci = { path = "../pci" }
 rate_limiter = { path = "../rate_limiter" }
 seccompiler = "0.4.0"
-serde = { version = "1.0.168", features = ["derive"] }
+serde = { version = "1.0.193", features = ["derive"] }
 serde_json = "1.0.109"
 serial_buffer = { path = "../serial_buffer" }
 thiserror = "1.0.52"
diff --git a/vm-device/Cargo.toml b/vm-device/Cargo.toml
index b3404b645..c3b1c12ae 100644
--- a/vm-device/Cargo.toml
+++ b/vm-device/Cargo.toml
@@ -13,7 +13,7 @@ mshv = ["vfio-ioctls/mshv"]
 anyhow = "1.0.79"
 hypervisor = { path = "../hypervisor" }
 thiserror = "1.0.52"
-serde = { version = "1.0.168", features = ["rc", "derive"] }
+serde = { version = "1.0.193", features = ["rc", "derive"] }
 vfio-ioctls = { git = "https://github.com/rust-vmm/vfio", branch = "main", default-features = false }
 vm-memory = { version = "0.14.0", features = ["backend-mmap"] }
 vmm-sys-util = "0.12.1"
diff --git a/vm-migration/Cargo.toml b/vm-migration/Cargo.toml
index c8f64d5ba..808480bef 100644
--- a/vm-migration/Cargo.toml
+++ b/vm-migration/Cargo.toml
@@ -7,7 +7,7 @@ edition = "2021"
 [dependencies]
 anyhow = "1.0.79"
 thiserror = "1.0.52"
-serde = { version = "1.0.168", features = ["rc", "derive"] }
+serde = { version = "1.0.193", features = ["rc", "derive"] }
 serde_json = "1.0.109"
 versionize = "0.2.0"
 versionize_derive = "0.1.6"
diff --git a/vmm/Cargo.toml b/vmm/Cargo.toml
index 95520d38c..d6bca7d14 100644
--- a/vmm/Cargo.toml
+++ b/vmm/Cargo.toml
@@ -49,7 +49,7 @@ pci = { path = "../pci" }
 range_map_vec = { version = "0.1.0", optional = true }
 rate_limiter = { path = "../rate_limiter" }
 seccompiler = "0.4.0"
-serde = { version = "1.0.168", features = ["rc", "derive"] }
+serde = { version = "1.0.193", features = ["rc", "derive"] }
 serde_json = "1.0.109"
 serial_buffer = { path = "../serial_buffer" }
 signal-hook = "0.3.17"